WTO Says Be Careful On ‘Friend-Shoring’

Trade blocs seeking to skirt geopolitical risk by “friend-shoring” activities to like-minded countries should be careful which commerce partners they favour. Read More Here

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How Americans Think About Trade

The way ordinary Americans think about trade is very different from the way economists and policy wonks think about it. Most people do not have accurate knowledge of how trade affects them personally: they do not support trade if they stand to gain from it or oppose it because it will hurt them economically. Read More Here

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The U.S.-China Rivalry Is Just Getting Started

The gradual disintegration of the Chimerica symbiosis is likely to be the world’s biggest business story for the next several years, if not decades. Even if the U.S. and China don’t come to blows, their deepening economic rivalry creates a headache for multinational companies that have spent decades constructing global supply chains. Read Here – Bloomberg

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World Trade Disorganisation

In history, a hegemon is largely associated with the presence of international economic infrastructure. In the 19th century, the British hegemon underwrote the liberal international order in the form of free trade and gold standard. The liberal order was later re-established by the American hegemon, which has overseen the Bretton Woods system from 1945. By […]

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The Biggest Trade Deal Ever

On July 8, 29 countries—the U.S. plus 28 countries of the EU—will begin negotiating The Biggest Trade Deal Ever. The Transatlantic Trade and Investment Partnership will affect 30 percent of global commerce, eliminate $10.5 billion in tariffs, and boost trade by an estimated $280 billion a year. Read Here – Businessweek

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Brazil’s WTO Win

Brazil, one of the world’s largest emerging markets, achieved a major diplomatic victory with the election this week of its candidate, Roberto Azevedo, as director-general of the World Trade Organization. In this heavily disputed election, involving 159 member countries, Brazil cashed in on a long campaign, cultivating support among the developing countries of Africa, Asia, […]

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Transatlantic Free Trade?

This month, the United States National Intelligence Council released a sobering report entitled Global Trends 2030: Alternative Worlds. Most important, according to the authors, if current trends continue, Asia could soon surpass North America and Europe in global power. It will have a higher GDP, larger population, higher military spending, and more technological investment. In this […]

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